28
Oct
19:40
Pricing erosion stops in US OCTG market
US oil country tubular goods (OCTG) pricing is showing signs of firming up, Kallanish hears from market sources.
A source at one top-tier mill says average OCTG prices are approaching $850-900/short ton.
“But we are seeing forecasted buys really starting to go up,” he says. “We are in the planning stages in a lot of places, so who knows what will really be bought. But it looks like things should get busier in the near future.”
A buy…
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Anonymous
Very good overview of the weekly steel market.
Anonymous